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dc.contributor.authorBöhringer, Christophen_US
dc.date.accessioned2009-02-16T14:54:19Z-
dc.date.available2009-02-16T14:54:19Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/24325-
dc.description.abstractThe Kyoto Protocol marks a break-through in global warming mitigation policies as it sets legally binding emissions targets for major emitting regions. However, realisation of the Protocol depends on the clarification of several issues one of which is the permissible scope of international emissions trading between signatory countries. Unrestricted trade produces hot air when signatory countries whose Kyoto targets are well above their business as usual emissions trade in larger amounts of ?abundant? emission rights. Concerns on hot air motivated proposals for caps on emissions trading by the EU. These caps are strictly refused by the USA and other non-European industrialized countries who want to exploit the full efficiency gains from trade. In this paper we show that there are cooling down strategies which can reconcile both positions. International permit trade provides enough efficiency gains to make all signatory countries better off than without permit trade while mitigating hot air. In other words, part of the efficiency gains from free trade could be used to pay for higher abatement targets of signatory countries which assure the same environmental effectiveness as compared to strictly domestic action or restricted permit trade.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 99-43en_US
dc.subject.jelD58en_US
dc.subject.jelQ4en_US
dc.subject.jelQ2en_US
dc.subject.ddc330en_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwInternationale Umweltpolitiken_US
dc.subject.stwKohlendioxiden_US
dc.subject.stwLuftreinhaltungen_US
dc.subject.stwEmissionsrechteen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwAußenhandelseffekten_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwWelten_US
dc.titleCooling down hot air: a global CGE analysis of post-Kyoto carbon abatement strategiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn302609717en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5256-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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